Year: 2025
Type: article
Abstract: A robo-advisor is an automated digital platform that provides financial planning and investment management services with minimal human intervention. Using algorithms and data analysis, robo-advisors assess an investor's risk tolerance, goals, and financial situation to create and manage a diversified investment portfolio. These platforms offer cost-effective, convenient, and accessible solutions for both novice and experienced investors, often featuring automated rebalancing and tax optimization strategies. Robo-advisors are increasingly popular for their low fees and ease of use compared to traditional financial advisors.
Author: Melita Sheeba
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4409194584